AGC of America News
Coronavirus Survey: Please take a few minutes to fill out the sixth version of AGC’s Coronavirus Survey here . The information you provide will help AGC continue to advocate for measures to support the construction industry. AGC will release the survey results during a live Facebook event (facebook.com/Agcofa) on Friday, May 8.
AGC Recap of Market Conditions: AGC has prepared a packet of information to help document current market conditions that helped influence many firms’ decisions to apply for Paycheck Protection Program loans. The intent of this packet is to provide a snapshot of media coverage starting on March 27 – the launch of the initial round of Paycheck Protection Program loans – covering topics like declining demand, growing layoffs and general worries about market conditions for the construction industry. See packet here. If you feel it appropriate, please consider including this packet of material in the records you retain relating to your application for a Paycheck Protection Program loan. This packet should provide an overview of the nationwide market conditions the industry faced when firms opted to apply for the loans.
PPP Guidance: New Paycheck Protection Program guidance released this weekend answers one narrow but important question on loan forgiveness AGC members have asked. Specifically, a borrower’s PPP loan forgiveness amount will NOT be reduced if the borrower laid off an employee, offered to rehire the same employee, but the employee declined the offer. For more information, see Question #40 of Treasury’s FAQ document found here.
PPP Webinars: AGC will be hosting a pair of hour-long webinars Wednesday, May 6 and Thursday May 7 at 2 PM ET on the Paycheck Protection Program. Part one will focus on key updates and developments in the ground rules of the program and part two will focus on preparing your business today for audits, oversight, and agency enforcement and whistle blower actions tomorrow. Click here to register for either/both of those webinars.
Building Contractors Webinars: AGC will be hosting another two-part webinar series on Monday, May 11 and Thursday, May 14, Building Contractors – Preparing yourself and your jobsite for the Impacts of Covid-19. This series will help answer questions about the life cycle of a project while operating through Covid-19. Part one will focus on determining project viability and keeping a jobsite open amid Covid-19 and part two will focus on reopening projects previously shut down. Click here to register for either/both of those webinars.